A glimpse into the future of Government controlled markets – they exist at the point of the Government’s Gun – companies must obey – and the Producers have their lifeblood sucked out by the Looters.  From Atlas Shrugged:

“Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter. So long as men live together on earth and need means to deal with one another–their only substitute, if they abandon money, is the muzzle of a gun. “  (Full text of this portion of the book can be seen HERE)

Philippines imposes price control on some medicines (Reuters)

“Price control may deliver some short-term benefits but the long-term negative consequences, not only on the pharmaceutical industry but in other industries, must be considered,” Reiner Gloor, an industry spokesman, said in a statement.

“If price adjustments do not result in market expansion, then affected companies will have to study options to remain viable.”

The pharmaceutical industry is estimated to lose about 7-10 billion pesos ($146-$208 million) a year in sales, making it hard for smaller drug firms that produce and market three or four products to survive, Gloor said previously.